[Marxism] Income Tax in Australia: from Appearance to Reality
En Passant with John Passant
en.passant at bigpond.com
Mon Jan 13 04:15:05 MST 2014
Tax is ultimately an extraction from surplus value. Surplus value is the unpaid labour of workers, roughly the difference between what they are paid and the value they produce. The tax system taxes capital on its profits, landlords on their rent, shareholders on their dividends, and financiers on their interest-profits. It taxes workers on their wages. All of these appearances - profit, interest, rent, dividends, and wages - are the monetised price forms of surplus value created by productive workers in the production of commodities, goods and services for sale on the market. The income tax system hides this essence and reinforces the appearance of capitalism at the expense of this deeper reality of the exploitation of labour.
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